16:10:50 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Dividend Select 15 Corp
Symbol DS
Shares Issued 7,755,088
Close 2014-12-17 C$ 10.27
Market Cap C$ 79,644,754
Recent Sedar Documents

Dividend Select 15 to pay 8.542-cent dividend Jan. 9

2014-12-18 09:19 ET - News Release

An anonymous director reports

DIVIDEND SELECT 15 CORP. DECLARES MONTHLY DIVIDEND

Dividend Select 15 Corp. has declares its monthly distribution of 8.542 cents per equity share. The distribution is payable Jan. 9, 2015, to shareholders on record as of Dec. 31, 2014.

Under the distribution policy announced in September, 2014, the monthly dividend payable on the equity shares is determined by applying a 10-per-cent annualized rate on the volume-weighted average market price (VWAP) of the equity shares over the last three trading days of the preceding month. As a result, equity shareholders of record on Dec. 31, 2014, will receive a dividend of 8.542 cents per share based on the VWAP of $10.25 over the last three trading days in November, payable on Jan. 9, 2015. Effectively, the actual amount of monthly distributions paid will vary with the market price, but the current yield will remain stable at 10 per cent (based on the VWAP) under this distribution policy.

Since inception (Nov. 18, 2010), equity shareholders have received a total of $2.96 per share inclusive of this distribution.

Distribution details

Equity share (DS):  8.542 cents

Ex dividend date:  Dec. 29, 2014

Record date:  Dec. 31, 2014

Payable date:  Jan. 9, 2015

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